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CON Budget/Financial Principles and Practice: Difference between revisions
CON Budget/Financial Principles and Practice (view source)
Revision as of 14:58, September 27, 2013
, September 27, 2013→Extramural research funding
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===Fund Distribution Guidelines=== | ===Fund Distribution Guidelines=== | ||
====Extramural research funding==== | ====Extramural research funding==== | ||
<p style="margin-bottom:15px;">Extramural funding agencies (whether federal, state, or local for research or other special projects) should provide universities with faculty salary support and indirect cost revenue. In this way, universities are able to recover some of the costs incurred in doing such research or other projects. In turn, and to the extent possible within the context of the College’s missions, faculty grantees are released from their university responsibilities and spend this portion of their time and effort on the externally funded projects that are paying that portion of their salary.</p> | |||
====Indirect cost revenue==== | ====Indirect cost revenue==== | ||